meshpips:
Sentiment Trading

Case study: Pound - Dollar

Weekly chart

Sentiment data from myfxbook

79% of traders are buying.

Now look at the chart.

despite all the warnings and polite insults directed at you that there should be no discussion of forex on this thread, you persists.I guess you do not listen to people. Take your forex high and low to the appropriate section.
Thanks

Price is yet to make a higher swing high.

No higher high (swing) neither is there a higher low.

They cannot even draw a simple uptrend line yet on this weekly chart. Why then are people buying?

meshpips:


If your option is true sir why then do Ichimoku experts say that a support level formed above the cloud is a strong buy signal?

Taking mean reversion trades just might not be as efficient as taking buy trend continuation trades.

Maybe that's why older traders warn people not to try to "bottom fish"

meshpips:
Sentiment Trading

Case study: Pound - Dollar

Weekly chart

Sentiment data from myfxbook

79% of traders are buying.

Now look at the chart.

Price is yet to make a higher swing high.

No higher high (swing) neither is there a higher low.

They cannot even draw a simple uptrend line yet on this weekly chart. Why then are people buying?

RabbiDoracle:


Don't worry, we are waiting to see if Zenith falls to 9 like you have said and Bitcoin to 7,680.

meshpips:


Zenith 11.90 then probably 9.XX

We will see both events (zenith and BTCUSD) happen in not too long a distant future sir.

RabbiDoracle:


GU is a strong sell. Same with UJ.

PETERiCHY:


It's better you invest in haulage truck business and leave stock market it doesn't favor you.

meshpips:


Zenith 11.90 then probably 9.XX

We will see both events (zenith and BTCUSD) happen in not too long a distant future sir.

veecovee:
THEN 5TH SIN GOD HASTES SO MUCH ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/29#89626177

Godlylifeoneart:

There is no crime in buying UACN. we are all wishing dz conglomerate to reach the zenith of returning profits for investors.
Can you tell me what happened to UACN after selling UACN registrars to Afriprudent in 2013?
No improvement in performance.
One of the most disastrous holdings in the history of conglomerates in the world.
What made you think that the unbundling will do the Magic?
UACN always have a ready made excuses for poor performaces, in 2015, the terrible report was blamed on poor purchasing power of consumers, the inauguration of a new government was also blamed for the disastrous performance of UPDC prop. This 2020 would be put on COVID-19. lol.
In all the 12 years of declining profits, there was no mentioning of corruption and poor management decisions in asset acquisitions
A company with less than 3 billion common shares is dropping about 50 to 150 basis points at the sales of less than M100 units.
Bra, something is not right with UACN.
I think the management is the problem. The 39 yr old group managing director appears to be occupying the post on a platter of gold.
he appears to be heading the way of Wale Tinubu
When Shonekan was the chairman of UACN, they were the epitome of equity returns and performance.
like some1 mentioned, uacn is gradually going the way of OANDO. You must have a view of at least 10 to 15 yrs before you can expect any token on equity return. They clearly state on their web page that ( We invest with a long-term view which enables us add meaningful and sustainable value to each company within our portfolio)
The subsidiaries are improving and ongoing re-branding is commendable.
The calamities that befell UACN started in 1998, and there has been no improvement in earning and fortune.
The logistic division was in comatose before imperial logistics of South Africa bailed them out with $2.4 M investment in form of equity stake. MDS logistics is technically working for imperial logistics. This is warren buffel way of investing. Look for a distressed company, invest in them by way of preferential equity stakes, if thing do not work out well, take over the company coz you are already their life-wire.
Mr biggs, we do not even know the owner. The famous brand or UACN.
Bra, the holding nature of uacn subsidiaries is so complex and goes beyond the comprehension of ordinary share holders.
it appears the investors of nowadays are only buying the parent company name .(uacn)
No wonder, the share price has been plummeting since 1998 till date.
uacn registrars is dead. One of the best in the country during the analogue era.
So many subsidiaries of UACN are dead or defunct.
UNIC was moribund, dead and transformed to UNIC Holdings
property division in comatose.
UACN gala is facing the strongest competition from Rite food AND Chi
The annoying thing about uacn, once a subsidiary is recording success, they quickly sell it or divest from it and hand it over to one of the cabals.
The DNA(corruption) of Nigeria is boldly engraved in this company.
very soon,the MDS logistics will go. i guess the money realized from the stakes reduction in 2019 august was used in paying the insulting dividend of 0.10 kobo. I wonder why they have to pay out the money after recording a loss. the management could have shared it among themselves instead of paying investor 0.10 kobo.
Despite all this, the assets to debt ratio is encouraging for futuristic investors.
for decision making, read dz link

https://nairametrics.com/2019/09/04/what-uacn-decision-to-un-bundle-updc-means-for-its-shareholders/


https://nairametrics.com/2020/04/20/uacn-incurs-n14-6-billion-write-down-of-its-real-estate-business/

2019 (Millions NGN)
Total Assets 107,595.26
Total Liabilities 47,053.85
Debt to Assets 6.90%

THE PROBLEM WITH AVERAGE INVESTORS IS THAT WE DO NOT INVESTIGATE QUOTED COMPANIES BEFORE WE INVESTED ,DESPITE ALL THE INFORMATION BEING AVAILABLE FREE ON THE INTERNET. WE AWAIT THE TA ANALYSTS TO GUIDE US. THIS SHOULD NOT BE.

debeey87:


http://www.nse.com.ng/Financial_NewsDocs/30013_LAFARGE_WAPCO_PLC._FINANCIAL_STATEMENTS_MAY_2020.pdf

http://www.nse.com.ng/Financial_NewsDocs/30014_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_MAY_2020.pdf

nna777:


28% increase in PAT in q1.This is encouraging especially in this covid season. bullish run for shareholders this week

Uchetoba:
Things with over 200% growth are yet to rally. Let's see how goes this week.

nna777:
Signs of pullback in the health sector going into the week.

M & B (those who bought @ 3.23 on Thursday where trying to exit @ 3.12 on Friday with bids getting lower. when UCAP was giving us 50k @ 2.80, is it illiquid m&b @25k that we will be chasing. tufiakwa Don't chase a moving train.

NEIMETH (has reached its 52wk high. Will it break and form a new support. we watch).

Is possible if m&b drops, fidson and gsk will follow suit.

dinyelutochukwu:

Your analysis is spot on!
Neimeth is so illiquid and lacking in volume that it doesn’t even trade 1million units on most days.
M&B is most likely to pulll back but FIDSON still has potential to reach N3 especially if their result is around the corner.
CAVEAT: This is not a buy/sell recommendation.

nna777:
Signs of pullback in the health sector going into the week.

M & B (those who bought @ 3.23 on Thursday where trying to exit @ 3.12 on Friday with bids getting lower. when UCAP was giving us 50k @ 2.80, is it illiquid m&b @25k that we will be chasing. tufiakwa Don't chase a moving train.

NEIMETH (has reached its 52wk high. Will it break and form a new support. we watch).

Is possible if m&b drops, fidson and gsk will follow suit.

Godlylifeoneart:

There is no crime in buying UACN. we are all wishing dz conglomerate to reach the zenith of returning profits for investors.
Can you tell me what happened to UACN after selling UACN registrars to Afriprudent in 2013?
No improvement in performance.
One of the most disastrous holdings in the history of conglomerates in the world.
What made you think that the unbundling will do the Magic?
UACN always have a ready made excuses for poor performaces, in 2015, the terrible report was blamed on poor purchasing power of consumers, the inauguration of a new government was also blamed for the disastrous performance of UPDC prop. This 2020 would be put on COVID-19. lol.
In all the 12 years of declining profits, there was no mentioning of corruption and poor management decisions in asset acquisitions
A company with less than 3 billion common shares is dropping about 50 to 150 basis points at the sales of less than M100 units.
Bra, something is not right with UACN.
I think the management is the problem. The 39 yr old group managing director appears to be occupying the post on a platter of gold.
he appears to be heading the way of Wale Tinubu
When Shonekan was the chairman of UACN, they were the epitome of equity returns and performance.
like some1 mentioned, uacn is gradually going the way of OANDO. You must have a view of at least 10 to 15 yrs before you can expect any token on equity return. They clearly state on their web page that ( We invest with a long-term view which enables us add meaningful and sustainable value to each company within our portfolio)
The subsidiaries are improving and ongoing re-branding is commendable.
The calamities that befell UACN started in 1998, and there has been no improvement in earning and fortune.
The logistic division was in comatose before imperial logistics of South Africa bailed them out with $2.4 M investment in form of equity stake. MDS logistics is technically working for imperial logistics. This is warren buffel way of investing. Look for a distressed company, invest in them by way of preferential equity stakes, if thing do not work out well, take over the company coz you are already their life-wire.
Mr biggs, we do not even know the owner. The famous brand or UACN.
Bra, the holding nature of uacn subsidiaries is so complex and goes beyond the comprehension of ordinary share holders.
it appears the investors of nowadays are only buying the parent company name .(uacn)
No wonder, the share price has been plummeting since 1998 till date.
uacn registrars is dead. One of the best in the country during the analogue era.
So many subsidiaries of UACN are dead or defunct.
UNIC was moribund, dead and transformed to UNIC Holdings
property division in comatose.
UACN gala is facing the strongest competition from Rite food AND Chi
The annoying thing about uacn, once a subsidiary is recording success, they quickly sell it or divest from it and hand it over to one of the cabals.
The DNA(corruption) of Nigeria is boldly engraved in this company.
very soon,the MDS logistics will go. i guess the money realized from the stakes reduction in 2019 august was used in paying the insulting dividend of 0.10 kobo. I wonder why they have to pay out the money after recording a loss. the management could have shared it among themselves instead of paying investor 0.10 kobo.
Despite all this, the assets to debt ratio is encouraging for futuristic investors.
for decision making, read dz link

https://nairametrics.com/2019/09/04/what-uacn-decision-to-un-bundle-updc-means-for-its-shareholders/


https://nairametrics.com/2020/04/20/uacn-incurs-n14-6-billion-write-down-of-its-real-estate-business/

2019 (Millions NGN)
Total Assets 107,595.26
Total Liabilities 47,053.85
Debt to Assets 6.90%

THE PROBLEM WITH AVERAGE INVESTORS IS THAT WE DO NOT INVESTIGATE QUOTED COMPANIES BEFORE WE INVESTED ,DESPITE ALL THE INFORMATION BEING AVAILABLE FREE ON THE INTERNET. WE AWAIT THE TA ANALYSTS TO GUIDE US. THIS SHOULD NOT BE.

OBAGADAFFI:


Fidson might not get to N3.

There is no fuel for that journey.

nna777:


Which things?

leo1234:


Compare WAPCO and UBA Q1 report.

Uchetoba:
Things with over 200% growth are yet to rally. Let's see how goes this week.

RabbiDoracle:


They say so because they believe it is the strongest signal for a BUY when it closes above the kumo.

But this is elementary brother! We have long passed that stage in a quest to research stock movements. Now we try to find the bottom and the signals for it. Because between bottom and when the support forms above the kumo, prices must have risen around 30% minimum.

I don't think mid March 2020 was a false bottom.

Don't worry, we are waiting to see if Zenith falls to 9 like you have said and Bitcoin to 7,680.

Intendy:


@ Oracle ,you no well o.

but make I confess ,I sold on the day I came greeting you guys that's its nice having u guys in the forum.on January 16th.exactly a week ago.


I was happy ,then I greeted cause it's not easy to greet without something for the elders

Victornezzar:
Bro do you deal in staking nets

Intendy:


lol. for cucumber baa? yes

Victornezzar:

Bro do you deal in staking nets

OBAGADAFFI:


I don't really like you conclusion.

Most retail investors knows what is going on with UACN, but decide to take the risk.

GonFreecss1:


You trade Bitcoin too?

Uchetoba:
Things with over 200% growth are yet to rally. Let's see how goes this week.

1kinggy:


I need that BTC at <8k, (last entries were at 6k, and <8k) and got off at last week.
Hedging in USDT till then. If it bursts, NGN
new value will pay for it.